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Market News

Location American Market News for 19 October 2021
Dollar General's Unrivaled Store Footprint Drives Upside Potential This retailer is positioned well to grow its top and bottom lines over the long term, but the stock is priced as if profits will fall below pre-pandemic levels.
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Will Arvinas Stock Rebound After A 12% Drop In A Month? The stock price of Arvinas (NASDAQ: ARVN), a biopharmaceuticals company focused on oncology treatments based on targeted protein degradation, reached an all-time high of $108 in July of this year before a sell-off drove ...
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No matter the mode of transport, moving goods from A to B has become more expensive, but the quirks of consumer companies' supply chains mean they won't all be equally hit.
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Is The New Futures-Based Bitcoin ETF Really An 'Inferior' Product? One MarketWatch article voiced concerns that a futures-based bitcoin ETF is "inferior" to a spot ETF. Is this claim accurate? Several market analysts offer their point of view.
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Down 34% Last Month, Should You Buy BioNTech Stock For Near-Term Gains? BioNTech , a leader in messenger RNA technology and Pfizer's Covid-19 vaccine partner, saw its stock price decline by almost 34% over the last month, considerably underperforming the S&P 500 which remained roughly flat o...
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Will Abbott Stock Rise After Its Q3 Results? Abbott is scheduled to report its Q3 2021 results on Wednesday, October 20, and we expect it to be slightly above the consensus estimates, driven by a rise in demand for medical devices as well as its established pharmac...
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Does Verizon Stock Look Attractive At $52?

Forbes - 19 Oct 2021 14:00
Does Verizon Stock Look Attractive At $52? Verizon stock, which currently trades at $52 per share, is still 15% below the levels seen at the beginning of 2020 and 10% below February 2020 levels, just before the pandemic. VZ stock has gained only 4% from its March...
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Is The Bitcoin ETF (BITO) The New GLD?

Forbes - 19 Oct 2021 23:56
Is The Bitcoin ETF (BITO) The New GLD? In the face of the hottest inflation we've seen in decades, we will see if money moves out of GLD, to fund new investments in BITO.
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Company agreed to pay $475 million and forgive $200 million Mozambique owes to investors in coordinated settlements with U.S. and European authorities over loans the bank made in the country.
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Netflix announced it will change the way it reports viewing metrics.
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Netflix's Solid Earnings Prove Why Wall Street Analysts Love The Stock Despite a slow start to 2021, Netflix now looks set for strong subscriber growth thanks to the success of new content like hit series "Squid Game."
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Bitcoin Prices Flirt With All-Time High After ProShares ETF Goes Live Bitcoin prices have climbed today, coming very close to setting a fresh record. These gains materialized the exact same day that the first U.S. bitcoin ETF started trading.
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Auto Risks Are Dragging on Insurance Stocks

Wall Street Journal - 19 Oct 2021 21:10
Slow-moving risks in the auto business seem to be a bigger concern right now for shares of insurers like Travelers than catastrophes such as Hurricane Ida.
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Inflation a key factor in driving short-term gold demand: WGC Econometric analysis shows rising income is the most powerful driver of gold demand in the long term
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Get sibling's written consent before any transfer of property A Will is required to ascertain if the concerned property is self-acquired property or inherited
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Investing in real estate may not be a great idea if you are young Many young professionals err in committing to an inflexible investment for the long term early in their career
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Tax on your gold and real estate investments

livemint.com - 19 Oct 2021 20:40
Tax on your gold and real estate investments Here is a look at the taxes that apply to short-term and long-term gains from these two asset classes
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The four-part deal comprised bonds that mature in three, five, 10 and 30 years, similar to China's previous international bond sale a year ago.
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Shadow Inflation Could Be A Bigger Problem Than You Realize Shadow inflation is yet another indication that the traditional consumer price index (CPI), as provided by the U.S. Bureau of Labor Statistics (BLS), isn't telling you the full story.
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Moderna Stock Rose 6% Last Week. What's Next? Moderna stock gained almost 6% over the last week (five trading days) outperforming the broader S&P 500 which was up about 2% over the same period. The recent gains come amid some upgrades on the stock by brokerage analy...
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Gene Editing Stocks Lag On Clinical Setbacks, Rising Yields. Time To Buy? Our indicative theme of Gene Editing stocks remains down by about 11% year-to-date, meaningfully underperforming the S&P 500 which is up by about 19% over the same period. In fact, if we exclude a single stock Intellia T...
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First Bitcoin Futures ETF Rises in Trading Debut

Wall Street Journal - 19 Oct 2021 17:10
The ProShares Bitcoin Strategy ETF was up 2% in midmorning trading following its closely watched launch.
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